@Matt Riley I purchased my first house hack just under 2 years ago in SouthEast Austin in that price range ($260k) in the Colorado Crossing community to be specific.

With that being said, keep in mind that we don't benefit from appreciation like other markets but COC returns and cash flow are hard to beat.I agree with @Nathan Cross.

i am new to the bigger pockets community and I just recently started with Deal Machine and this thought crossed my mind.

Crossing the starting line is much harder than crossing the finish line.Best of luck to you.

Underwriting is about compliance... they are there mostly to make sure the I’s are dotted and T’s crossed so that the loan can be sold on the market.   

does it cross the 70% LTV?

It seems to average a 4 year hold for the rental to beat / cross over the flip for a better return, plus the tax advantages are better on the holds. 

Not sure which island you’re on, but I’m glad to call a friend to stop by and check it out for you and give you some pointers on how to take care of this while minimizing risk of damaging your body, and risk of cross contaminating and ending up with a chronic mold issue even after full rehab.

Be focused so that you know that good deal immediately when it crosses your path.

To do it well you need very specialized expertise in abstruse things like capital account accounting, internal controls risk, cross collateralization, contingent liabilities, deal carve-outs, and many systemic risk patterns that by definition are impossible for the sponsor to design out without paying to pass this risk to a party who would charge more than the risk indemnification would cost.